Apigee Corp. (APIC) Reaches New 52-Week High at $13.26
Apigee Corp. (NASDAQ:APIC) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $13.26 and last traded at $13.17, with a volume of 110,887 shares. The stock had previously closed at $12.84.
A number of research analysts recently issued reports on the stock. Pacific Crest reiterated a “buy” rating on shares of Apigee Corp. in a research note on Sunday, May 22nd. Zacks Investment Research upgraded shares of Apigee Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 28th. Finally, Roth Capital lifted their price target on shares of Apigee Corp. from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, May 26th.
The firm has a 50 day moving average of $12.26 and a 200 day moving average of $9.66. The company’s market capitalization is $394.09 million.
Apigee Corp. (NASDAQ:APIC) last posted its quarterly earnings data on Wednesday, May 25th. The company reported ($0.25) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.02. The company had revenue of $23.50 million for the quarter, compared to analyst estimates of $23.17 million. The company’s revenue was up 35.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.41) EPS. Analysts expect that Apigee Corp. will post ($1.14) earnings per share for the current fiscal year.
In other news, VP Shankar Ramaswamy sold 15,636 shares of the company’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $11.49, for a total transaction of $179,657.64. Following the completion of the transaction, the vice president now owns 103,350 shares of the company’s stock, valued at approximately $1,187,491.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Apigee Corporation (Apigee) is a provider of an application program interface (API)-based software platform that enables digital connectivity and business insights. The Company’s platform allows businesses to design, deploy and scale APIs as a connection layer between its information technology (IT) systems and data and the applications with which its customers, partners, employees and other users engage with its business.
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